Borden Reaches Truce With Lenders Over Ch. 11 Cash Use

Law360, Wilmington, Del. (January 23, 2020, 8:03 PM EST) -- Bankrupt milk supplier Borden Dairy reached an agreement with its secured lenders Thursday in Delaware to extend its use of the lenders' cash to fund its Chapter 11 case after a bankruptcy judge said a dispute over liens on a cash reserve account needed more evidence before it could be decided.

During a hearing in Wilmington, debtor attorney D. Tyler Nurnberg of Arnold & Porter Kaye Scholer told the court near the conclusion of the proceedings that a deal had been reached between Borden, the unsecured creditors committee and secured lenders PNC Bank NA and KKR Credit Advisors LLC that will...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!